Nigerian Enamelware PLC has reported a post-tax loss of N2.6bn, a 254 per cent decline from the N1.7bn profit recorded the previous year. According to the company’s audited financial …
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NDDC will approve only value-adding projects – Ogbuku
The Managing Director/Chief Executive Officer of the Niger Delta Development Commission, Dr Samuel Ogbuku, has stated that the commission will only approve projects that will add value to the …
Read More »Forex inflow via IMTOs hits $1.07bn in three months –CBN
Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of 2024, from $770.23m recorded in the same period in …
Read More »Envoy advises Nigerian investors on Grenada investment opportunities
The Honorary Consul of Grenada to Nigeria, Abidemi Sonoiki, has highlighted some areas of opportunity for Nigerian investors in the Caribbean country. Sonoiki, who became the honorary consul in …
Read More »NADDC urges collaboration to boost automotive sector
The Director-General of the National Automotive Design and Development Council, Joseph Osanipin, has called for collaboration among key players in the automotive industry to enable the achievement of smooth …
Read More »W’Bank, AfDB to invest $7.5bn in Nigeria’s power sector
The Minister of Power, Adebayo Adelabu, has said that the World Bank and the African Development Bank have concluded plans to invest $30bn in boosting electricity in Africa. Of …
Read More »Forex inflow via IMTOs hits $1.07bn in three months – CBN
Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of 2024, from $770.23m recorded in the same period in …
Read More »PureChem unveils new product to boost arts
PureChem Manufacturing Limited introduced a new product, Top Bond Craft Glue, aimed at Nigerian students in arts and crafts PureChem launched the glue recently during a school activation exercise, …
Read More »Windfall tax: FG to jail defaulting bank executives
The Federal Government has proposed the imprisonment of principal officers of banks who refuse to comply with the one-time windfall tax on banks’ foreign exchange profits in 2023. It …
Read More »NGX: Equities market begin week on positive note, investors gain N16bn
The equities market began the week on a positive note on Monday, July 22, 2024 as investors gained N16bn at the end of trading session. This follows an increase in …
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